Zurich Financial Plans to Sell
French Business to Generali

ZURICH -- Zurich Financial Services Friday said it will sell most of its French insurance operations to Italian peer Assicurazione Generali SpA for an undisclosed sum.

The sale of the operations, which had premiums of around $313 million (&euro;286.4 million) last year, is the latest step in the Swiss insurance company's efforts to shed marginal businesses to boost its balance sheet and focus on core markets to ensure...